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Shockoe Bottom 4-Unit Mixed-Use Portfolio

Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio Shockoe Bottom  4-Unit Mixed-Use Portfolio

Property Overview

Price/Rent PSF $ 2,100,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available Inquire
Date Available 04/15/2021
Additional URL Link
Parking 10
Floors 3
Building size 15079
Additional parameters Show
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Description

Location
Located on the south side of E. Main St. at 18th St in the heart of Shockoe Bottom across the street from Main Street Station and Farmer's Market in a designated Opprtunity zone. This is one of the most exciting high-growth neighborhoods in the metro area, attracting millenials and all age groups who seek a mixed-use, pedestrian-friendly urban emnvironment, where they can walk or uber a few blocks to work and hundreds of establishments. Mass transit hub connects Amtrak and the Pulse Rapid Transit for the first phase of Richmond Metro's mass transit system while Downtown Business District, River Walk, James River are all within walking distance. Richmond City had their first public meeting Aug 2 to provide information and solicit public input in the E. Main St. Improvements Project addressing connectivity, enhanced landscaping, lighting, pavement overlays and sidewalk extensions to improve pedestrian flow as the Farmer's Market and surrounding are continues to be an attraction and one of the fastest growing neighborhood in the metro area.

Sale
This sale includes 1725, 1727/29, 1731 E. Main St and 2 S. 18th St .consisting of 4 buildings w/8 apts. and 4 retail spaces offered for $2,100,000


100% occupancy, new duralock roofs, apr. 600 feet from Richmond' s state of the art Main Street Station, Farmer's Market and the downtown business district zoned B5 with upside including value-add and additional square footage in rear and rooftop patio(s) utilizing OPPORTUNITY ZONE CREDITS, HISTORIC TAX CREDITs, TAX ABATEMENT zoned B5 on .41 acres with value-add opportunity for additional square footage in rear and rooftop patio(s)



Also offered as part of a 6-property portfolio consisting of 1726 E Main St 3 apartments and 1 commercial unit and 11 S 15th St; 1450sf commercial property at I-95 and Main St. Station for $3,800,000.

Location

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